Troubled Telit confident about 2018

It wasn’t exactly Telit Communications’ (TCM) best year. While revenue was flat, the 'internet of things' enabler plunged into the red, albeit as a result of a marked step-up in research and development and restructuring costs. Then there was the untimely departure of former chief executive Oozi Cats, after evidence emerged of an historic indictment against him in the US – a management overhaul quickly ensued.